Record Sales of Electric Cars Drives Revival of Loan Program

The Energy Collective: With sales of electric and other fuel-efficient cars hitting new highs in the U.S., the timing for DOE to restart its auto retooling program couldn’t be better. Electric vehicle sales in the U.S. hit a new high of 11,361 units, and average fuel efficiency for new passenger vehicles hit a new record high of  24.9 mpg. By jump starting the auto retooling loan program, DOE can put the U.S. auto industry in the best possible position to compete for the growing market for clean cars.

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